Archives: Quiz

Use the figure below to answer the following questions. Figure 19.3.5 Refer to Figure 19.3.5. This figure shows the labour supply curves and the value of marginal product curves for high-skilled and low-skilled workers. The equilibrium wage rate for low-skilled […]

Which point in Figure 19.1.2 indicates that the richest 20 percent of families earn 40 percent of the income? A) a B) b C) c D) d E) the origin Use the table below to answer the following questions. Table […]

Among the following, the domestic government gains the most revenue when it A) imposes an import quota. B) eliminates an import quota. C) encourages freer trade. D) imposes a tariff. E) increases the demand for a domestically-produced good. The substitution […]

When the Bank of Canada lowers the overnight loans rate, the Canadian dollar ________ on the foreign exchange market and ________. A) falls; aggregate demand decreases B) rises; aggregate demand decreases C) falls; the increase in imports is greater than […]

If the production of a good creates pollution, then the A) marginal social benefit curve lies above the marginal private benefit curve. B) marginal social cost curve lies above the marginal private cost curve. C) marginal social benefit curve lies […]

Prime Pharmaceuticals has developed a new asthma inhaler, for which it has a patent. An inhaler can be produced at a constant marginal cost of $2 per inhaler. The demand curve, marginal revenue curve, and marginal cost curve for this […]

Choose the correct statement. A) Tax cuts increase aggregate supply and aggregate demand. B) Tax cuts strengthen the incentive to work and to invest. C) The tax multiplier becomes smaller as time passes. D) According to Barro and Uhlig, tax […]

In monopolistically competitive industries, A) firms compete on quality, price and marketing. B) the range of choice of products is the same as in perfectly competitive industries. C) firms are insensitive to changes in consumer demand. D) all firms produce […]

Refer to Figure 16.3.1. The figure shows the marginal private benefit curve, the marginal social benefit curve, and the market supply curve. If a voucher is given to consumers that generates an efficient outcome, then consumers pay A) zero. B) […]

The Canadian short-run Phillips curve ________ when the expected inflation rate rises and ________ when the expected inflation rate falls. The Canadian short-run Phillips curve ________ when the natural unemployment rate increases and ________ when the natural unemployment rate decreases. […]

Which of the following is NOT shown in a population pyramid? A) a general, graphic indication of the growth rate B) males in the population C) females in the population D) age distribution of the population E) birth and death […]

Where in Australia and Oceania do anthropologists have the greatest chance of finding “uncontacted peoples”? A) Australia B) New Zealand C) Fiji D) New Guinea E) Tasmania What country outside of the region is involved in a 21st-century “land grab” […]

Confucianism stresses all of the following ideals, EXCEPT A) the importance of the family. B) deference to authority. C) the importance of ethics. D) respect for tradition. E) the need for bureaucratic positions to be passed down through family lines. […]

Which of the following religions are found among the peoples of Central Asia? A) Christianity B) Islam C) Buddhism D) Judaism and other minor religions E) All of the answer choices are correct What is the current overall rate of […]

Which of the following would NOT reflect Friedman’s notion of a flat earth? A) the ability of financial capital and production to flow easily from one place to another B) the ability of financial capital to change locations to take […]

Which country in Southwest Asia and North Africa has made efforts to preserve its famed “cedars” forestlands in recent years? A) Libya B) Lebanon C) Turkey D) Iran E) Iraq What countries are Russia’s major trading partners, as measured by […]

What are new suburbs called that include shopping centers, industry, office, and entertainment activities, but are less connected to the central city, and more connected to other suburban centers? A) urban decentralization B) counterurbanization C) concentric zones model D) urban […]

What is a problem with power generated by wind or sun? A) It is an intermittent source requiring other types of production for backup. B) It requires constant sun or wind. C) Energy cannot be transferred from sunny or windy […]

Turkey has one of the most diversified economies of Southwest Asia and North Africa, and is not reliant on oil. European colonization was effective in countries throughout Sub-Saharan Africa, with the one exception of Ethiopia. Answer: FALSE The Mediterranean climate […]

Decolonization refers to the process of a colony’s gaining (or regaining) control over its territory and establishing a separate, independent government. Islam dominates in Pakistan and Bangladesh. Answer: TRUE The majority of Egypt’s 85 million people live a long distance […]

The Kyoto Protocol is an international treaty with a goal of reducing major greenhouse gases. Currently desiccation is a more serious threat to the Caspian Sea than pollution. Answer: FALSE Only about 35 percent of people in South Asia live […]

The Atlantic Coast of Europe has a maritime climate. The Three Gorges Dam has been constructed on the Yangtze River. Answer: TRUE Wind travels from areas of low pressure to areas of high pressure. Answer: FALSE Morocco, Algeria, and Tunisia […]

After they were forced to leave Palestine by the Romans, Jews clustered in Muslim lands of the Iberian Peninsula because Islam showed greater tolerance for Judaism than had Christianity. China is the largest importer of crude oil in the world. […]

Weather is the long-term condition of the Earth’s atmosphere at a given location. Kurds are an example of a nation-state. Answer: FALSE The hurricanes that wrack the Caribbean originate in the Pacific Ocean. Answer: FALSE When states attempt to reclaim […]

Refer to the table 6.1. The lease rate on the 6-month soybean contract is 0.35%. What is the implied annual storage cost if the cost is continuously paid and proportional? A) 0.84% B) 1.62% C) 2.30% D) 4.0% Using a […]

Consider a one-period binomial model of 6 months. Assume the stock price is $45.00, σ = 0.20, r = 0.06 and the stock’s expected return is 12.0%. What is the discount rate for a $45.00 strike European call option (Y)? […]

Assume S = $63, K = 60, div = 0, r = 0.04, σ = 0.35, and 90 days until expiration. What is the premium on a knock-in call option with an up-and-in barrier of $65? A) $1.96 B) $2.06 […]

Assume the spot price of gold is $745 per ounce and the 2-year forward price is $773. Annualized 1-year and 2-year forward interest rates are 5.0% and 5.2%, respectively. For a commodity-linked note to sell at par, what is the […]

IBM and AT&T decide to swap $1 million loans. IBM currently pays 9.0% fixed and AT&T pays 8.5% on a LIBOR + 0.5% loan. What is the net cash flow for IBM if they swap their fixed loan for a […]

What is the maximum profit that an investor can obtain from a strategy employing a long 830 call and a short 850 call over 6 months? Interest rates are 0.5% per month. A) $6.80 B) $7.68 C) $9.24 D) $12.32 […]

Lapel Inc. stock price is $32.00. Joe bets Sarah that the price will be above $35.00 in 6 months (180 days). The standard deviation of the stock is 0.25 and the risk free interest rate is 5.0%. If Joe wins […]

A Forward Rate Agreement contains an agreed interest rate of 3.1% on a 6-month loan. If settled at the time of borrowing, what amount would the borrower pay or receive on a $500,000 loan if the prevailing 6-month interest rate […]

A stock has a historical volatility of 39%. The data shows significantly increased volatility in recent data and significantly lower volatility in older data. The implied estimate of the unconditional volatility using the GARCH model is most likely to be […]

Assume S = $42, K = 45, div = 0, r = 0.04, σ = 0.48, and 80 days until expiration. What is the premium on a knock-out put option with a down-and-out barrier of $44? A) $2.13 B) $3.13 […]

Suppose the 180-day futures price on crude oil is $110.00 per barrel and the volatility is 20.0%. Assume interest rates are 3.5%. What is the price of a $120 strike call futures option that expires in 180 days? A) $1.89 […]

All of the positions listed will benefit from a price decline, except: A) Short put B) Long put C) Short call D) Short stock Techie, Inc. may invest $5 million in a new Star Communicator project. Annual production costs and […]

Lanugo A) permits food and oxygen to reach the organism. B) provides the fetus a cushion against jolts caused by the mother’s movements. C) helps regulate the fetus’s body temperature. D) is a white, downy hair that covers the fetus’s […]

While Marie’s mother lay dying, she told Marie, “I”m not afraid. I have faith. I”m looking forward to what lies ahead.” Marie’s mother views dying as A) a mandate to live ever more fully. B) imprisonment. C) part of life’s […]

According to the “random events” theory of biological aging, A) DNA in body cells is gradually damaged through spontaneous or externally caused mutations. B) the human body wears out from use over time. C) the existence of aging genes controls […]

Research consistently shows that infants and young children exposed to __________ child care score lower on measures of __________ skills. A) full-time; social B) poor-quality; social and cognitive C) developmentally appropriate; cognitive D) part-time; emotional During early childhood, children’s gender-stereotyped […]

Ivan Pavlov discovered A) observational learning. B) classical conditioning. C) the ego’s positive contributions to development. D) the clinical method. Stranger anxiety is A) uncommon in well-adjusted toddlers. B) less likely if the unfamiliar adult picks up the wary infant. […]

__________ refers to acceleration in deterioration of cognitive functioning prior to death. A) Increased morbidity B) Cognitive mortality C) Life expectancy crossover D) Terminal decline Which of the following statements about continuity in the lives of older adults is true? […]

A growing number of studies confirm that playing violent video games A) increases the likelihood of aggressive behavior. B) does not spark hostile behavior in nonaggressive children. C) impacts girls more than boys. D) has a greater impact on teens […]

Which student is most at risk for dropping out of college? A) a sophomore at a large state university B) a freshman at a highly selective school C) a sophomore who moves off-campus D) a freshman at a school with […]

Autonomy is made up of a(n) __________ component and a(n) __________ component. A) behavioral; cognitive B) cognitive; emotional C) emotional; behavioral D) behavioral; ethical Which of the following statements about nursing homes is true? A) Care emphasizes rehabilitation rather than […]

Compared with earlier generations, today more young people A) have helped with care of a dying family member. B) reach adulthood without having experienced the death of someone they know well. C) were present at the moment of death of […]

__________ predicts ego integrity in late adulthood. A) Completion of college B) Midlife generativity C) Retirement D) Identity foreclosure in adolescence Two-year-old D”Arcy has parents who encourage emotional expressiveness and show empathetic concern for her feelings. When another child is […]

__________ is a field devoted to uncovering the contributions of nature and nurture to the diversity in human traits and abilities. A) Epigenesis B) Behavioral genetics C) Environmental genetics D) Child development Ineffective coping A) is largely problem-centered. B) reduces […]

According to Erikson, the psychological conflict of early adulthood is A) initiative versus guilt. B) industry versus inferiority. C) identity versus role confusion. D) intimacy versus isolation. Health-care proxies A) are appointed under living wills. B) cannot make medical decisions […]

__________ are the most frequently reported types of elder abuse. A) Physical abuse, sexual abuse, and neglect B) Sexual abuse, financial abuse, and physical abuse C) Financial abuse, emotional abuse, and neglect D) Physical neglect, sexual abuse, and financial abuse […]